Customs
Customs in the eye of the storm
The eyewitness reporter
The push for higher Customs revenue by the Federal government will become harder in the coming years as Nigeria Customs Service has now become a cash cow for the government which currently relies on the duties and taxes collected by the agency to fund its recurrent expenditure, especially the payment of salaries for federal civil servants and other expenditures.
Keyamo made the statement recently at the unveiling of The Progressives Forum at the International Conference Centre in Abuja.
“NNPC is no longer remitting money into FAAC.
“So the government have to rely on revenue from customs, FIRS and others to pay salaries and carry out some other activities.
“Go and check the gas prices in the US and UK. They have gone up more than four or five times, even in oil-producing countries,” he said.
Mele Kyari, the Managing Director of the Nigerian National Petroleum Company Limited (NNPCL) on July 29th, 2022, has said that the Corporation would no longer remit money to the Federation Accounts Allocation Committee for sharing to the three tiers of government monthly.
He hinged the decision on the latest transition of the corporation from a public corporation to a limited liability company, adding that all monetary arrears to the committee were owed by the old corporation and not the new oil company.
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